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Loan Modification Obama

April 29, 2008

in Community Blog

loan modification obama
Is anyone shocked that the Obama home loan modification program is failing?

http://www.nytimes.com/2010/04/15/business/15mortgages.html
The Treasury Department said it could not explain the growing number of what it called cancellations, almost all of which were apparently prompted by the borrower’s being unable to make the new payment.

Did ANYONE expect it to work??? They couldn’t afford the house before they got the bailout and they damn sure couldn’t afford it after either! No money, no house, that simple!

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